$1,800,000

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Description

This opportunity consists of 12 condo units located in one of the most heavily trafficked areas of Durango, CO. Sunnyslope Condominiums is located near numerous restaurants, shops, public transportation and boasts great walkability to Downtown Durango, the Animas River and many more outdoor amenities. The long-term owner has taken great care of this asset, keeping the vacancy near a minimum and the building well maintained. The asset belongs to an HOA that is $135/Mo/Unit that covers insurance, water, sewer, trash, exterior maintenance, snow removal and landscaping. The building consists of 9-Two Bedroom units & 3-One Bedroom units, all including a full bathroom, kitchen, washer/dryer, range/over and refrigerator. This walk-up, turn-key asset is being offered at $1,950,000 for all 12-units or $1,050,000 for just half of the asset consisting of 6-units (All Two Bedroom units). Currently the asset is under market rent and has room for a new owner to increase rents and boost the Net Operating Income. Each unit is individually deeded, providing a buyer with a great exit-strategy. Please see Offering Memorandum in associated documents and call agent for financials. Dont miss out on this rare opportunity to own an investment property here in Durango.